Unit Head – Debt Recovery at KCB Bank | TZ JOB CONNECTION : Tanzania Jobs Connection , Nafasi Za Kazi 2019, Ajira Mpya 2019, Mabumbe Jobs,

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Responsible for coordination and implementation of the restructuring and recovery activities for the Non-Performing Loan portfolio of the bank.

To provide special attention and support to stressed relationships to ensure proper co-ordination and control of all non-performing loans to prevent losses, maximize recoveries and restore profits through rehabilitation, restructuring, work-out and direct recovery. The role will have direct measured responsibility for all NPLs and staff in the Debt Recovery Unit.

Key Responsibilities:

Initiate and develop restructuring and recovery strategies towards reduction of non-performing loans (NPL) levels as targeted by bank’s management
Management of non-performing loans to ensure credit and other risks are properly identified and assessed with specific focus on top 20 largest NPLs.
Supervise, guide and manage the On-balance sheet and Off-Balance Sheet Credit Recovery Teams.
Managing the NPLs committee meetings and acting as secretary to the committee.
Liaison with Legal Department and external advocates to ensure recovery cases lying in the courts are progressed to completion.
Provide professional judgment to ensure proper impairment level/provisions is taken consistent with BOT/IFRS regulations/guidelines and bank’s internal policy
Develop general framework for collections and recoveries of all bank’s loan products.
Coordinate and manage all banks appointed external agencies (debt collectors, auctioneers, receiver managers, lawyers etc.) and other third party vendors.
Supervise and coordinate preparation/submission of statutory and regulatory reports required by the bank.
To provide professional business support to resolve challenges faced by stressed clients.
To review and recommend loan write-off and abandonment in accordance with BOT regulations and provide recommendation for Board approval.
Quarterly credit portfolio review and monthly review of loan portfolio quality report and make recommendations for corrective measures.

Daily Responsibilities:

Daily review of progress and performance of the Debt Recovery Unit against set targets, initiating and implementing corrective action where necessary.
For the top 20 NPLs, Assessing customer files, doing call visits and negotiating restructures and settlements for settlement.
Liaising with business teams, legal and external agents to ensure progress on recoveries as per set targets.
Arranging, attending and participating in debt recovery meetings, review of debt recovery reports and provisions.
Attending court cases as and when necessary for recovery cases in courts. Attending property auctions as required

Requirements: